The Late Applicants Fund

The Late Applicants Fund (“LAF”) of approximately 250
million shekels (€50 million) was established for the benefit of the heirs of
previous owners of Jewish property in the former East Germany that was
confiscated or forcibly sold by the Nazis from 1933 for which the Claims
Conference received proceeds as Successor Organization under the German
Property Law 1990. This Fund was designed for the above mentioned heirs who
have missed both the statutory deadline under the German Law and the deadline
of the Goodwill Fund, which was established by the Claims Conference as well,
but nevertheless request the proceeds obtained by the Claims Conference for the
property/assets formerly owned by their ancestors.

The deadline to file claims to the LAF is 31 December
2014. Following this date, the Claims Conference shall determine the percentage
of the net proceeds of the asset that the eligible heir will receive. In no
event will the amount received by an individual heir (or a group of heirs, if
there are a number of heirs to one asset/property) exceed 80 percent of the net
proceeds received by the Claims Conference for the asset. “Net proceeds” is the
amount after taxes, mortgages, the cost of appraisals, legal fees, insurance
and other charges, in any way related or connected with the property or asset,
compensation payment or settlement regarding the property or assets.

Furthermore, in no case will any heir receive more than
he or she would have received if he or she had made a timely claim under the
German Property Law 1990.

Claims to the LAF will be accepted from the following
heirs of the former owner:
The immediate testamentary heir of the former owner;
Children, grandchildren, or great grandchildren of the
former owner;
Siblings of the former owner;
Children of the siblings listed under (1), above:
Spouses of the persons listed under (2), (3) and (4);
Our firm represents clients in their claims to the LAF
and deals with all matters related to their claims, including conducting an
initial assessment of eligibility, drafting the claim and the associated
documents in English or in German, questioning the client and his relatives,
researching the subject matter of the claim etc. In addition, if needed our
office represents our clients in their appeals to the Independent Appeals
Authority of the Claims Conference.